Jan 12, 2018

Posted by & filed under Cannabis, Legal.

By: Victor J. Roehm, Sussman Shank LLP – Partner, Banking and Finance Group Chair

Republished with permission from Sussman Shank

In a Memorandum to all attorneys in the Department of Justice dated Thursday, January 4th, Attorney General Jeff Sessions rescinded all prior guidance related to the enforcement of the Controlled Substances Act with respect to marijuana-related activities.  This guidance included what is often referred to as the “Cole Memorandum,” a memorandum from Deputy Attorney General James M. Cole for all United States Attorneys on the subject of Guidance Regarding Marijuana Enforcement dated August 29, 2013.

Doing Business with those involved in the Cannabis Industry
While the Cole Memorandum did not have the same effect as a law or regulation, it was generally relied upon by those in the cannabis industry, and those who did business with those in the cannabis industry, for comfort that their activities would not result in Federal prosecution and/or civil and criminal forfeiture of their property. … Read the rest

Jan 8, 2018

Posted by & filed under Economics.

By: Mark Zandi, Chief Economist, Moody’s Analytics
Republished with permission from Credit Research Foundation


  • The pace of growth remains firmly above the economy’s potential.
  • Consumers have been the strongest and most consistent source of growth in the current economic expansion.
  • The increase in household wealth has been stunning as stock and house prices have surged.
  • With the Fed now winding down its quantitative easing and the prospects for higher interest rates, risks are rising that asset prices will come under pressure, and the wealth effect fades.

The U.S. expansion continues to power forward. Abstracting from the near-term ups and downs in the data, real GDP growth remains just above 2% and job growth at over 2 million per year.… Read the rest

Jan 8, 2018

Posted by & filed under President's Message.

Happy New Year from NACM Commercial Services! I trust you are beginning the new year with positive energy and a productive mind to bring the most value to your credit department and ultimately your whole company. Carve out time to focus on yourself, appreciate small good moments, and stop and be grateful for those around you. In your workplace be a visionary creating a culture of collaboration with others. You may even develop a relationship with your sale department. Positive energy really is contagious!

Have you ever experienced a major change within your organization? Change is a funny creature; it creates so many emotions that come out at the most unexpected times. I’m always intrigued how individuals manage the emotions of an announced change.… Read the rest

Jan 8, 2018

Posted by & filed under Credit.

Beginning Jan. 1, several transactions at county recorders’ offices throughout California will require an extra $75 on every document, not to exceed $225 per transaction, that has to be recorded, including mechanics’ liens or releases.

The new tax is required by California’s Senate Bill 2, entitled the Building Homes and Jobs Act, according to a report in The Siskiyou Daily News. Revenue raised by the bill’s new fee will be transferred to a newly created Building Homes and Jobs Fund. This year, half of the funds will be made available to local governments to update planning documents and zoning ordinances, while the other half will be given to the Department of Housing and Community Development to assist people experiencing or at risk of homelessness.… Read the rest

Jan 8, 2018

Posted by & filed under Business Credit Journal, Consumer Reports, Credit, Experian.

By: Experian

Following some high-profile data breaches, consumers are being urged to monitor and lock or freeze their credit or place fraud alerts on their credit profile. For small business owners, there is currently no mechanism for freezing a business credit file, but there are options, like monitoring the business credit report or placing a fraud alert on the business credit profile.

With concerns about criminal hacking or identity theft, small business owners need to know how to protect themselves and their businesses. For consumers, credit freezes are sometimes used in the case of identity theft to help prevent the thief from obtaining credit in the individual’s name. For businesses, protecting credit is different and a little more complicated.… Read the rest

Jan 8, 2018

Posted by & filed under Credit, Legal.

By: Scott Blakeley

In March of this year, the U.S. Supreme Court made a significant ruling finding that New York no-surcharge violated commercial free speech. The U.S. Supreme Court has on its docket the legal issue whether suppliers accepting multiple card brands may steer card paying customers to a cheaper card brand, thereby trying to limit their cost of acceptance (or the customer’s cost if surcharged). The litigation involves a provision in the AmEx merchant agreement that bars merchants (suppliers) from steering customers to a lower-priced brand and whether it violates the Sherman Antitrust Act.

Credit Cards Are Customer Preferred Payment Form in B2B Space

Credit and finance teams appreciate that card use continues its steep rise, both with existing and new customers, and also appreciate cards are the most expensive payment channel.… Read the rest